EQLI.TO Alternatives & Similar ETFs

Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) belongs to the S&P 500 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EQLI.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to EQLI.TO

EQLI.TO charges 0.29% annually. There are 13 ETFs in the S&P 500 category with lower expense ratios, going as low as 0.04%.

Symbol	Name	Expense Ratio	AUM	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	250.98M	Jul 2023	EQLI.TO vs USCL.TO
ZSP.TO	BMO S&P 500 Index ETF	0.09%	24.23B	Nov 2012	EQLI.TO vs ZSP.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	0.09%	15.52B	May 2001	EQLI.TO vs XSP.TO
VFV.TO	Vanguard S&P 500 Index ETF	0.09%	32.85B	Nov 2012	EQLI.TO vs VFV.TO
XUS.TO	iShares Core S&P 500 Index ETF	0.09%	12.94B	Apr 2013	EQLI.TO vs XUS.TO

Best Risk-Adjusted Alternatives to EQLI.TO

EQLI.TO has a PortfoliosLab risk / return rank of 81. There is 1 ETF in the S&P 500 category with a higher risk-adjusted rank, going as high as 89.

Symbol	Name	Risk / Return Rank	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	89	11.18M	May 2024	EQLI.TO vs USSL.TO
USCC.TO	Global X S&P 500 Covered Call ETF	80	561.57M	Sep 2011	EQLI.TO vs USCC.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	79	—	Jul 2024	EQLI.TO vs XUSC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	76	250.98M	Jul 2023	EQLI.TO vs USCL.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	74	1.05B	Mar 2020	EQLI.TO vs ESG.TO

Top Performing EQLI.TO Alternatives (YTD)

EQLI.TO is at 12.23% YTD. There are 4 ETFs in the S&P 500 category with higher YTD returns, going as high as 13.93%.

Symbol	Name	YTD Return	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	13.93%	11.18M	May 2024	EQLI.TO vs USSL.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	13.53%	1.66B	May 2018	EQLI.TO vs EQL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	13.37%	—	Jul 2024	EQLI.TO vs XUSC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	12.30%	250.98M	Jul 2023	EQLI.TO vs USCL.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	12.07%	1.05B	Mar 2020	EQLI.TO vs ESG.TO

Lowest Volatility Alternatives to EQLI.TO

EQLI.TO has 9.13% 1-year volatility. No ETFs in the S&P 500 category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 9.87%.

Symbol	Name	Volatility 1Y	AUM	Inception
USCC.TO	Global X S&P 500 Covered Call ETF	9.87%	561.57M	Sep 2011	EQLI.TO vs USCC.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	11.91%	—	Jul 2024	EQLI.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	11.97%	32.85B	Nov 2012	EQLI.TO vs VFV.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	12.05%	1.66B	May 2018	EQLI.TO vs EQL.TO
ZSP.TO	BMO S&P 500 Index ETF	12.10%	24.23B	Nov 2012	EQLI.TO vs ZSP.TO

Lowest Drawdown Alternatives to EQLI.TO

EQLI.TO has a 1-year max drawdown of -5.47%. No ETFs in the S&P 500 category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -6.71%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
USCC.TO	Global X S&P 500 Covered Call ETF	-6.71%	561.57M	Sep 2011	EQLI.TO vs USCC.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	-6.73%	1.66B	May 2018	EQLI.TO vs EQL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	-7.60%	—	Jul 2024	EQLI.TO vs XUSC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	-8.56%	250.98M	Jul 2023	EQLI.TO vs USCL.TO
ZSP.TO	BMO S&P 500 Index ETF	-8.61%	24.23B	Nov 2012	EQLI.TO vs ZSP.TO

Other ETFs from Invesco

The 10 most viewed Invesco ETFs shown here include QQC.TO, QQC-F.TO, INAI.TO and span 6 categories. AUM among these funds goes as high as $2B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	69	20.44%	1.96B	May 2021	EQLI.TO vs QQC.TO
QQC-F.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	54	15.03%	1.54B	May 2021	EQLI.TO vs QQC-F.TO
INAI.TO	Invesco Morningstar Global Next Gen AI Index ETF	Technology Equities	50	31.36%	—	Jan 2024	EQLI.TO vs INAI.TO
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	Nasdaq-100	82	16.10%	59.49M	Nov 2025	EQLI.TO vs QQCI.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	Nasdaq-100	71	21.09%	—	Nov 2021	EQLI.TO vs QQCE.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	Canada Equities	96	15.08%	99.35M	Apr 2012	EQLI.TO vs TLV.TO
ESGC.TO	Invesco S&P/TSX Composite ESG Index ETF	Canada Equities, ESG	85	13.35%	—	Oct 2020	EQLI.TO vs ESGC.TO
PXS.TO	Invesco RAFI U.S. Index ETF II CAD	Large Cap Value Equities	95	18.28%	51.96M	Apr 2015	EQLI.TO vs PXS.TO
PXC.TO	Invesco RAFI Canadian Index ETF	Canada Equities	96	17.87%	245.79M	Jan 2012	EQLI.TO vs PXC.TO
PZW.TO	Invesco FTSE RAFI Global Small-Mid ETF	Global Equities	85	16.48%	25.73M	Jan 2018	EQLI.TO vs PZW.TO

Often Compared With EQLI.TO

Investors most often compare EQLI.TO with JEPI.TO, INTY.TO, ZSP-U.TO. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	Derivative Income	38	4.57%	—	Sep 2024	EQLI.TO vs JEPI.TO
INTY.TO	Evolve International Equity UltraYield ETF	Derivative Income	—	—	—	Jan 2026	EQLI.TO vs INTY.TO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	S&P 500	61	8.19%	—	Nov 2012	EQLI.TO vs ZSP-U.TO
CRCY.TO	Harvest Circle Enhanced High Income Shares ETF Cla...	Derivative Income	—	-14.04%	—	Sep 2025	EQLI.TO vs CRCY.TO
BCCL.NEO	Global X Enhanced Bitcoin Covered Call ETF	Derivative Income	3	-29.48%	—	Apr 2025	EQLI.TO vs BCCL.NEO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	77	24.43%	708.27M	Apr 2011	EQLI.TO vs ENCC.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	93	18.72%	1.70B	Jul 2021	EQLI.TO vs HDIV.TO
VSP.TO	Vanguard S&P 500 Index ETF (CAD-hedged)	S&P 500	49	6.85%	6.15B	Nov 2012	EQLI.TO vs VSP.TO
EASY.TO	Evolve All-in-One UltraYield ETF	Derivative Income	—	—	—	Mar 2026	EQLI.TO vs EASY.TO
GOGY.TO	Harvest Alphabet Enhanced High Income Shares ETF C...	Derivative Income	94	13.52%	—	Mar 2025	EQLI.TO vs GOGY.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	Derivative Income	96	21.49%	395.62M	May 2011	EQLI.TO vs BKCC.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	69	11.68%	7.12B	Nov 2010	EQLI.TO vs HXS.TO
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	86	14.78%	412.15M	Sep 2024	EQLI.TO vs UTES.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	Nasdaq-100, Derivative Income	75	11.92%	136.22M	Sep 2024	EQLI.TO vs JEPQ.TO
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income	73	14.21%	919.57M	Feb 2022	EQLI.TO vs HYLD-U.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	Derivative Income	15	0.58%	377.33M	May 2024	EQLI.TO vs HPYT.TO
XUS-U.TO	iShares Core S&P 500 Index ETF	S&P 500	60	7.54%	—	Oct 2019	EQLI.TO vs XUS-U.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	—	26.03%	—	Jul 2025	EQLI.TO vs QDAY.NEO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	Derivative Income	—	14.52%	—	Aug 2025	EQLI.TO vs ECHI.TO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	95	17.83%	2.47B	Jan 2023	EQLI.TO vs HMAX.TO

Compare EQLI.TO with Any Fund or Stock

Compare EQLI.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair EQLI.TO with funds that move differently

Invesco S&P 500 Equal Weight Income Advantage ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EQLI.TO.

Explore EQLI.TO Diversifiers

Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) Alternatives